First decline in 7 months as world oil prices ease, excise tax waiver still in effect
A pickup truck is refuelled at a petrol station in Bangkok. (Bangkok Post file photo)
The domestic price of diesel will fall to 34.50 baht a litre later this month, down from 34.94 baht, following a decline in global crude oil prices.
The new retail price will take effect at 5am on Feb 15, said Wisak Watanasap, director of the state Oil Fuel Fund Office (Offo). It will be the first decline in seven months.
Global oil prices are expected to decrease this year as the world economy slows down. Oil supply will slightly exceed demand, but global oil prices continue to fluctuate and can go up at any time if supply is…
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